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$480,000

Beds
2
Baths
1.5
sq ft
1,142

1305 E 6th St Unit 2, Austin, TX 78702

1305 E 6th St Unit 2

Austin, TX 78702

  • 242 days on market
    • Price drop $15,500↓
Insane price improvement! Discover the distinctive appeal of 1305 Lofts, where life and work perfectly intertwine. This industrial modern loft, close to downtown, captures the vibrant energy of East Austin. This unique dwelling is tailored for innovators and entrepreneurs seeking a live-work space that blends practicality with style. The open floor plan maximizes natural light, providing an airy and adaptable environment. Polished concrete floors and exposed wooden beams create a contemporary, industrial atmosphere, ideal for startups or individual entrepreneurs looking to host meetings, collaborate, or enjoy a spacious home office. The kitchen, featuring stainless steel appliances and rich wooden cabinetry, complements the loft's modern aesthetic. The building stands out in East Austin by offering tenants the flexibility to reside and office within their units. Recognized as an entrepreneurial haven, 1305 Lofts has hosted countless business ventures, providing a dynamic yet comfortable setting for creativity and productivity. Achieve an ideal work-life balance with a space that distinctly separates living and working areas. Residents will also enjoy the convenience of a dedicated parking spot, secured with an automated gate and covered parking, ensuring both ease and security. Embrace the spirit of entrepreneurship in a residence that captures the unique pulse of East Austin—there's truly nothing else quite like it. Please note that the HOA does not allow short-term rentals, minimum lease term of 6 months. Inquire about seller financing options.

Details

Property type

Condominium

Est. home value

$526,009

Lot size

1,337.29 sq ft

Price per sq ft

$421

Year built

2006

Annual property taxes

$11,644

Monthly HOA fee

$409.64

Price History

11/08/2024
Austin

Austin #2249538

Price change
$480,000
-3.13%
10/31/2024
Austin

Austin #2249538

Price change
$495,500
-0.4%
10/03/2024
Austin

Austin #2249538

Price change
$497,500
-0.3%

Schools & Community

Neighborhood: 

East Cesar Chavez

Elementary school: 

Sanchez

Middle school: 

Martin

High school: 

Austin

High school district: 

Austin ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$132,593
Asking price
$480,000
Closing costs (~8% of asking)
-$38,400
Est. remaining loan balance
-$309,007
Cash to seller
$132,593

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2020

Original loan amount

$339,500

Est. remaining balance

$309,007

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Noah Kagan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 7:15 AM

Listing updated: 11/09/2024 at 7:11 AM

Listed by: Rick Orr, Vince Realty Phone #: (214) 906-9834

MLS: Austin #2249538

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